Dick's Sporting Goods Defies the Retail Apocalypse With New Store Openings
Following up on a second quarter that saw an approximate 20% rebound in comparable sales, retailer Dick's Sporting Goods (NYSE: DKS) announced its plans today to open 11 new stores across the United States. The company is pairing the rollout with promotions possibly aimed at jump-starting an early kickoff to the 2020 holiday shopping season.
The new openings will stretch across the United States, from Virginia to Florida to Oregon. Store brands featured in the launches include six Dick's Sporting Goods outlets, two Golf Galaxy locations, and three Dick's Sporting Goods Warehouse Sales stores, which offer discounted goods with prices slashed anywhere from 30% to 75% in an effort to appeal to off-price buyers. Dick's notes the new outlets "will bring approximately 400 collective jobs to communities."
Image source: Getty Images.
Source Fool.com
